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Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 261 (287, 334, 272, 260) *240 Sold: 165 (166, 198, 138, 168) *170 Sale To Listing Ratio: 63% (58%, 59%, 51%, 65%) *71% Price Changes: 139 (150, 134, 88, 102) *94 Conditional Sale: 200 (181, 204, 187, 181) *175 Expired/Cancelled/Withdrawn: 42 (49, 58, 75, 28) *34 Total Active Halifax/Dartmouth Inventory: 1,738 (1,761, 1,722, 1,670, 1,658) *1,389 Absorption Rate: 10 (11, 10, 11, 11) *8 Single Family Home Stats Active Single Family Home: 871 (896, 873, 837, 810) *673 Average Single Family Home List Price: $571,452 ($582k, $624k, $633k, $614k) *$598k Average Single Family Home Selling Price: $577,256 ($589k, $622k, $640k, $622k) *$604k Single Family Home Sale to List Ratio This Week: 101% (101%, 99%, 101%, 101%) *101% Median Single Family Home List Price (6 mo): $565,000 ($565k,$565k,$560k,$550k) *$530k Median Single Family Home Sold Price(6 mo):$568,000 ($568k,$565k,$560k,$560k)*$536k Average Days on Market Single Family Home: 24 (27, 32, 25, 28) *25 Condo Stats Active Condos: 128 (136, 139, 130, 134) *115 Average Condo Listing Price: $660,347 ($504k, $476k, $441k, $451k) *$534kk Average Condo Selling Price: $648,255 ($498k, $482k, $443k, $450k) *$541kk Condo Sale to List Ratio This Week: 98% (99%, 101%, 101%, 99%) *101% Median Condo List Price (6 mo): $439,900 ($440k, $440k, $440k, $435k) *$430k Median Condo Sold Price (6 mo): $439,950 ($435k, $435k, $435k, $430k) *$428k Average Days on Market Condos: 63 (38, 13, 26, 14) *19 Active Vacant Lots: 527 (518, 510, 499, 508) *424 Market Rant The Halifax real estate market is displaying a blend of stability and fluctuation. New listings and sales remain relatively steady, though there is a noticeable decrease compared to the peak activity seen a few weeks ago. The sale to listing ratio has decreased, suggesting a more competitive environment between supply and demand. Price changes are still frequent, reflecting a dynamic market environment. Inventory levels remain high, providing ample options for buyers, although the absorption rate has stabilized. Single-family homes show a slight decline in average prices, but median prices remain strong, indicating steady demand. Homes are selling quicker than last week but at a similar pace to last year. The condo market is experiencing a notable increase in average prices, though the time to sell has significantly lengthened, suggesting that higher-priced listings might be taking longer to find buyers. Overall, the market appears stable, with strong activity in certain segments and potential for continued interest as the summer progresses. Monitoring price trends and inventory levels will be crucial in the coming weeks to understand the full impact on the Halifax real estate market. Stay tuned to the Halifax Real Estate Blog for the latest updates! Thanks for stopping by! The Weekly "Adogtable" This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Nova Scotia. More info about him and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!  VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 287 (334, 272, 260, 287) *281 Sold: 166 (198, 138, 168, 189) *182 Sale To Listing Ratio: 58% (59%, 51%, 65%, 66%) *65% Price Changes: 150 (134, 88, 102, 112) *96 Conditional Sale: 181 (204, 187, 181, 182) *199 Expired/Cancelled/Withdrawn: 49 (58, 75, 28, 33) *47 Total Active Halifax/Dartmouth Inventory: 1,761 (1,722, 1,670, 1,658, 1,648) *1,370 Absorption Rate: 11 (10, 11, 11, 11) *8 Single Family Home Stats Active Single Family Home: 896 (873, 837, 810, 814) *665 Average Single Family Home List Price: $582,435 ($624k, $633k, $614k, $655k) *$564k Average Single Family Home Selling Price: $588,963 ($622k, $640k, $622k, $656k) *$580k Single Family Home Sale to List Ratio This Week: 101% (99%, 101%, 101%, 101%) *103% Median Single Family Home List Price (6 mo): $564,950 ($565k,$560k,$550k,$550k) *$525k Median Single Family Home Sold Price(6 mo):$568,000 ($565k,$560k,$560k,$560k)*$535k Average Days on Market Single Family Home: 27 (32, 25, 28, 31) *17 Condo Stats Active Condos: 136 (139, 130, 134, 136) *115 Average Condo Listing Price: $503,890 ($476k, $441k, $451k, $473k) *$492k Average Condo Selling Price: $498,254 ($482k, $443k, $450k, $476k) *$494k Condo Sale to List Ratio This Week: 99% (101%, 101%, 99%, 101%) *101% Median Condo List Price (6 mo): $439,900 ($440k, $440k, $435k, $434k) *$430k Median Condo Sold Price (6 mo): $435,050 ($435k, $435k, $430k, $430k) *$425k Average Days on Market Condos: 38 (13, 26, 14, 19) *21 Active Vacant Lots: 518 (510, 499, 508, 499) *424 Market Rant The Halifax real estate market is showing some interesting trends this week. While the number of new listings is slightly lower compared to last week, it is in line with the numbers from previous weeks and last year. This indicates that the market is maintaining a consistent level of activity. However, there has been a noticeable decrease in the number of sales compared to last week, although the numbers are still higher than both the previous weeks and last year. This could be an indication of a slight slowdown in the market, but it's important to note that the sale to listing ratio is still relatively strong at 58%. Prices for single-family homes continue to rise, with both the average and median prices increasing compared to last year. This suggests that there is still strong demand for single-family homes in the Halifax area. The condo market, on the other hand, is showing more stability, with prices holding steady and a consistent sale to list ratio. However, the average days on market for condos has increased significantly compared to last year, indicating that condos are taking longer to sell. Overall, the Halifax real estate market appears to be stable, with a good level of activity and strong demand for single-family homes. However, the slight decrease in sales compared to last week could be an indication of a potential slowdown in the market, so it's important to keep a close eye on future trends. I have you covered, so be sure to stop by the blog and stay informed. Thanks for stopping by! The Weekly "Adogtable" This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Nova Scotia. More info about her and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often! VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 334 (272, 260, 287, 283) *282 Sold: 198 (138, 168, 189, 133) *167 Sale To Listing Ratio: 59% (51%, 65%, 66%, 47%) *59% Price Changes: 134 (88, 102, 112, 81) *96 Conditional Sale: 204 (187, 181, 182, 185) *189 Expired/Cancelled/Withdrawn: 58 (75, 28, 33, 38) *44 Total Active Halifax/Dartmouth Inventory: 1,722 (1,670, 1,658, 1,648, 1,587) *1,361 Absorption Rate: 10 (11, 11, 11, 11) *8 Single Family Home Stats Active Single Family Home: 873 (837, 810, 814, 784) *674 Average Single Family Home List Price: $623,383 ($633k, $614k, $655k, $591k) *$598k Average Single Family Home Selling Price: $622,349 ($640k, $622k, $656k, $596k) *$607k Single Family Home Sale to List Ratio This Week: 99% (101%, 101%, 101%, 101%) *102% Median Single Family Home List Price (6 mo): $564,900 ($560k,$550k,$550k,$550k) *$525k Median Single Family Home Sold Price(6 mo):$565,250 ($560k,$560k,$560k,$551k)*$530k Average Days on Market Single Family Home: 32 (25, 28, 31, 28) *24 Condo Stats Active Condos: 139 (130, 134, 136, 132) *110 Average Condo Listing Price: $475,756 ($441k, $451k, $473k, $465k) *$561k Average Condo Selling Price: $481,891 ($443k, $450k, $476k, $474k) *$564k Condo Sale to List Ratio This Week: 101% (101%, 99%, 101%, 102%) *101% Median Condo List Price (6 mo): $439,900 ($440k, $435k, $434k, $435k) *$430k Median Condo Sold Price (6 mo): $435,300 ($435k, $430k, $430k, $430k) *$425k Average Days on Market Condos: 13 (26, 14, 19, 35) *30 Active Vacant Lots: 510 (499, 508, 499, 489) *424 Market Rant Just when it seemed the Halifax real estate market was beginning to lose its momentum, we were hit with an exciting week of gains! Every tracked category showed impressive increases, with single-family homes leading the charge. Last week, it appeared that this year's inventory might start to align with last year's, but this week's remarkable upward trend has created a substantial gap between the two. In fact, this is the largest inventory we've seen since mid-July 2020! This is fantastic news for buyers, who must be thrilled with the plethora of options now available. The big question is how long this trend will continue. It seems we haven't reached the peak yet, especially with the influx of new listings this week, marking one of the largest surges we've seen in quite some time. Buyer activity also saw a significant boost this week, with over 200 listings receiving and accepting offers. The increased inventory has clearly inspired buyers to seize the opportunity, and with more choices on the market, there's less competition to worry about. This dynamic shift is creating a more favourable environment for those looking to make their next move in the Halifax real estate market. Looks like there's still some more gas in the tank, so stay tuned to the blog to stay on top of market, and stay informed! Thanks for stopping by! The Weekly "Adogtable" This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Nova Scotia. More info about her and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often! VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 272 (260, 287, 283, 358) *299 Sold: 138 (168, 189, 133, 139) *157 Sale To Listing Ratio: 51% (65%, 66%, 47%, 39%) *53% Price Changes: 88 (102, 112, 81, 99) *76 Conditional Sale: 187 (181, 182, 185, 194) *200 Expired/Cancelled/Withdrawn: 75 (28, 33, 38, 35) *58 Total Active Halifax/Dartmouth Inventory: 1,670 (1,658, 1,648, 1,587, 1,574) *1,361 Absorption Rate: 11 (11, 11, 11, 10) *6 Single Family Home Stats Active Single Family Home: 837 (810, 814, 784, 783) *701 Average Single Family Home List Price: $632,952 ($614k, $655k, $591k, $628k) *$589k Average Single Family Home Selling Price: $639,484 ($622k, $656k, $596k, $634k) *$602k Single Family Home Sale to List Ratio This Week: 101% (101%, 101%, 101%, 101%) *102% Median Single Family Home List Price (6 mo): $559,900 ($550k,$550k,$550k,$550k) *$519k Median Single Family Home Sold Price(6 mo):$560,000 ($560k,$560k,$551k,$550k)*$525k Average Days on Market Single Family Home: 25 (28, 31, 28, 32) *31 Condo Stats Active Condos: 130 (134, 136, 132, 133) *101 Average Condo Listing Price: $440,813 ($451k, $473k, $465k, $445k) *$525k Average Condo Selling Price: $443,287 ($450k, $476k, $474k, $450k) *$528k Condo Sale to List Ratio This Week: 101% (99%, 101%, 102%, 101%) *101% Median Condo List Price (6 mo): $439,450 ($435k, $434k, $435k, $430k) *$400k Median Condo Sold Price (6 mo): $435,000 ($430k, $430k, $430k, $430k) *$410k Average Days on Market Condos: 26 (14, 19, 35, 41) *26 Active Vacant Lots: 499 (508, 499, 489, 480) *419 Market Rant Big news this week! The Bank of Canada announced a 25 basis point reduction in the policy rate yesterday (was 5%, now 4.75%), marking it the first time since 2020 that we have seen the rate reduce. This means we should see some changes to variable rate mortgages in the near future, and possible new fixed rate offerings at some point. So how will the announcement impact the market? Time will tell, by I have a suspicion that we will see an uptick in activity in the coming weeks as the market environment becomes much more favourable for Buyers. With inventory options and the potential for a cheaper mortgage, it may be just the spark needed to reignite the smouldering Halifax market. Still missing inventory in key price ranges and locations, but things have definitely improved for buyers in the last few months. We are in the peak of Spring however, and this is usually the time of year when we see the most property for sale during the year, so things can change quickly with the right influencing factors.. Annual trend should take hold by the end of the month, and we should start to to see inventory taper off until the end of the year. Never know though! It has been a wild ride in the last few years, so I would say anything is possible at this point! Stay tuned to the blog for all the ups and downs, and to stay informed. Thanks for stopping by! The Weekly "Adogtable" This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Nova Scotia. More info about her and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! LET ME HELP YOU OUT! Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often! VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE |
Jeremiah Wallace, CDJeremiah has been involved with many aspects of the Real Estate industry for over fourteen years. This includes construction, residential renovations, interior design, and investing in various income generating property products.. 
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